Tuesday, February 4, 2014

20 books on how to think like the Rich and How to invest like they do.

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          About a week ago my uncle told me about this book, he said that it was his one of his favourite book and advised me to read it and i must say it is really interesting. The book I am talking about is number 17th on the list. That day onwards I have started reading Finance Books that the richest people read.
If you want to be one of the richest person, then you must start reading what they read?

            You will Require These 2 Types of Finance Books:

1. The financial information in black and white, tried and true. Follow it and you’re clear to succeed.
2. Your own inside ideas and viewpoint about money may need to be shifted. Without doing this, no black and white money plans will ever work for the long term or even at all.  There are books that deal with both below.
Read both types of books and you may be on your way to be rich.
Books On Thinking Like The Rich:

1) The Law of Divine Compensation, On Work, Money and Miracles

By Marianne Williamson

According to Marianne Williamson, our thoughts create our financial reality.
“In our ability to think about something differently lies the power to make it different”.
This is a book of work, money and miracles.

2) The Science of Getting Rich

By Wallace Wattles

This book from 1910 provided the intellectual framework for many personal wealth-building seminars.  Wallace Wattle believed that how you think about your ability to accumulate wealth is how you create wealth. If you believe that money is evil, you won’t be wealthy.

3) The 50th Law 

By 50 Cent and Robert Greene

Robert Greene is an American author and speaker known for his books on strategy, power and seduction. He has written four international bestsellers: The 48 Laws of Power, The Art of Seduction, The 33 Strategies of War, The 50th Law with 50 Cent.
This book is recommended by top entrepreneur’s, with the central theme of this being fearlessness, something much needed in re-framing your thoughts about wealth, being rich, and that anyone can make it financially.

4) Secrets of the Millionaire Mind

By T. Harv Ecker

This is my personal favorite. It is written by T. Harv Eker, a man that made it to the top a few times and delves into the mind and beliefs of wealthy people.
It has strategies that are simple to follow and he offers a free, live event to learn the tools in this book. He says the change of attitude is just as important as financial education and he shows you just how to do this.

5) How to Get Out of Debt, Stay Out of Debt & Live Prosperously

By Jerrold Mundis

This may be the book you want to pick first.  Many wealthy individuals live frugally at first and understand the importance of eradicating your debt. Then you can go ahead and create your wealth.
Don’t skip this one.

6) Think and Grow Rich

By Napoleon Hill

This book was written after the 1929 great depression and took two decades of research that the author Napoleon Hill conducted.
He was a poor journalist and interviewed over five hundred people that were successful. John D. Rockefeller, George Eastman, W. Wrigley Jr., and Charles Schwab, and more. This book is his research in the form of steps that are still relevant today.
Books on Financial Information:

7) The Automatic Millionaire

By David Bach

This book is a great start. It’s a common sense approach that is step by step.

8) The Intelligent Investor of Practical Counsel

By Benjamin Graham and Jason Zweig

Written in 1949, Warren Buffet has turned to this book often.
“Chapters 8 and 20 have been the bedrock of my investing activities for more than 60 years,” he says. “I suggest that all investors read those chapters and reread them every time the market has been especially strong or weak.”

9) The Investment Answer

By Daniel C. Goldie, CFA, CFP and Gordon S. Murray

Gordon Murray teamed up with his financial adviser, Daniel Goldie after he was diagnosed with brain cancer. This is a simple guide to investing.
“I don’t think you can get a better unbiased approach. The guy has nothing to gain other than to give his last and best advice,” says Steve Lockshin, founder and chairman of Convergent Wealth Advisors.

10) Jim Cramer’s Get Rich Carefully

By James J. Cramer

Jim Cramer’s new book if full of research and logic.

11)  My Maid Invests in the Stock Market…and Why You Should, Too!

If you have no idea about the stock market this book is the perfect place to start. It’s easy to understand and entertaining.

12) One Up On Wall Street

By Peter Lynch

The Author, Peter Lynch gives you information on how he invests and uses a sensible approach.  He includes how to view important factors when making an investment choice such as how to analyze a company.

13) Screw It, Let’s Do It: Lessons In Life

By Richard Branson

“In Screw It, Let’s Do It I’ll be looking forwards to the future. A lot has changed since I founded Virgin in 1968, and I’ll explain how I intend to take my business and my ideas to the next level and the new and exciting areas – such as launching Virgin Fuels – into which Virgin is currently moving.
But I have also brought together all the important lessons, good advice and inspirational adages that have helped me along the road to success”.

14) The Richest Man in Babylon

By George S. Clason

George S. Clason’s parables about acquiring wealth have inspired investors since the 1920s.  He emphasizes charitable giving, and saving over spending.

15) The Millionaire Fast Lane

By M J DeMarco

One of his strategies:  to use the volatility of the financial markets to get rich quickly and enjoy it now.
“Show me a 22-year-old who got rich investing in mutual funds. Show me the man who earned millions in three years by maximizing his 401k. Show me the young twenty-something who got rich clipping coupons. Where are these people? They don’t exist.”

16) The Millionaire Next Door

By Thomas Stanley and William Danko

By an Amazon reviewer: “Every now and then very, very special book comes along with a “aha” and this is such a book. Many people are spending their way through high incomes—keeping up with the “JONESES” high profile lifestyle’s encumbered with high debt and zero savings. I worked for a millionaire one time who said “Money buys clothes, clothes don’t buy anything!” He advised us to buy our “toys” clothes, cars, vacations etc. off profits of profits and never spend principal!” That is the basic premise of this book – build profits, then enjoy them – but don’t spend principal.”

17) Rich Dad Poor Dad

By Robert T. Kiyosaki

“An eighth-grade dropout who spends less than he earns is smarter than a college professor who can’t make ends meet”
This book makes it to most lists on financial freedom and wealth. He says that the key to great wealth is a person’s ability to convert earned income, such as a paycheck into passive income.

18) Spirit Driven Success

By Dani Johnson

This book is based on her personal experience as one of the most sought after success coaches in the world, and a self-made multi-millionaire. Inside, you’ll discover the spiritual keys that unlock the door to true wealth. You’ll also uncover the habits that lead to poverty and the lies about money.

19) The Little Book of Common Sense Investing

By John C. Bogle

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns is a 2007 book on index investing, by John C. Bogle, the founder and former CEO of the Vanguard Group. Wikipedia

20)  Market Wizards

By Jack D. Schwager

Market Wizards is a book written by Jack D. Schwager and published in 1988 in which he interviews a wide range of traders with excellent track records of profitability. Wikipedia
You are now armed with 20 books on how to think like the rich and how to invest like they do.
You are now armed with 20 books on how to think like the rich and how to invest like they do.

A Challenge for You
Read one book a week for the next 20 weeks and in less than a half a year you could be healthy on your way to a prospect of wealth, earnings and freedom to live the life you wish.

If you vision of starting your own business, then stay connected for our next post

 20 Books to Read before You Start Your Own Business


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